YOKOHAMA, Japan, July 6,
2005 - OPTWARE Corporation, developer of patented Collinear™
Holographic Versatile Disc storage systems, announced today that it is raising a
$14 million in venture capital, and planed to close on the money in
August.
OPTWARE's fifth round of equity
financing was provided by four investors, TOSHIBA Corporation, DAI-ICHI SEIMEI
CAPITAL CO., LTD, Daiwa Securities SMBC Principal Investments Co. Ltd. and THE
SHOKO CHUKIN BANK. The funds raised in this round will be used to accelerate
OPTWARE's market launch of its patented Collinear™ Holographic Versatile Disc
(HVD) storage system.
Mr. Hiroharu Satoh, General
Manager, HD DVD Promotion Division, Digital Media Network Company, TOSHIBA
CORPORATION said 'OPTWARE's 'Holographic Versatile Disc (HVD)" developed on its
patented Collinear™ Technology has a good possibility to be compatible with the
conventional DVD and next generation 'HD DVD", which has been developed by
TOSHIBA and our partners. HVD has a glittering promise to be future optical
recording media which promises our customers smooth migration from HD
DVD."
About
OPTWARE
OPTWARE ( www.optware.co.jp/english/ ),
based in Yokohama, nearby Tokyo, Japan, is a privately held company founded in
1999.The company developed and patented a completely new form of storage,
Collinear™ Holographic Versatile Disc storage, called HVD for short. HVD will change the way businesses with
mass storage needs or large data files securely store, transfer, and manage
them.HVD enables enterprises to store up to 3.9TB's on a CD sized disc with data
transfer rates up to 1Gbps.
Collinear™ Holographic storage
combines many of the highly desirable features currently found only in tape or
hard disk like high capacity, high transfer rates, random access, fast seek
speeds, and permanent storage (at least a 50 year life); all this with very low
on-going maintenance and management costs, and HVD is easy to handle and
store.
Source: Optware
